Ricardian theory of comparative advantage has the merit of demonstrating that international trade is possible even when a country is able to produce all goods at cheaper cost, provided the cost advantage is comparatively more in some goods than in the others.
The advantage and disadvantage of Fixed Rate are : Fixed exchange rate protects traders against a lot of uncertainty. Each trader knows what he is to receive or pay in terms of domestic currency but simultaneously it is very difficult to determine an appropriate rate of exchange without trial and error.
The major process of office management is departmentation. The process of grouping the various activities into departments is called departmentation. Departmentation is otherwise known as divisionalisation.
The advantages and disadvantages of Liquid and Gaseous Fuels over Solid Fuels are liquid and gaseous fuels are easier to handle than solid fuels whereas very large storage tanks are needed for storing gaseous fuel.